Page 2 - Vrl Logistics

VRL Logistics surges as promoters withdraw regional airline plan

The stock surged 20% to Rs 378 on the BSE in early morning trade.

VRL promoters scrap regional airline plan

New civil aviation policy does not auger well for its planned venture

Defiant entrepreneur flaps wings again, makes waves

Vijay Sankeshwar, 66, chairman and managing director and promoter of VRL Logistics, has always bet against odds: He is planning to enter aviation again after his plans for the sector failed to take off a decade ago - in 2006.Every time he started a new venture, the stocky business owner has always defied naysayers.The truck business Sankeshwar started four decades ago against the wishes of his family has now spawned into a logistics empire of over 4,000 vehicles delivering parcels and ferrying passengers on luxury buses across India. He started the Kannada newspaper - Vijay Karnataka - in the early 2000s as the largest-selling daily in the state before he sold it to the Times group for a profit. In 2012, after a five years, he launched another Kannada paper - Vijaya Vani - naming himself as the editor. In his teens, Sankeshwar had revived his father's printing business before venturing out on his own.Sankeshwar is a believer in dreaming big but also likes to do things differently. Whe

VRL Logistics tanks 20% on weak Q4 results

The stock locked in lower circuit of 20% at Rs 315 on BSE after the company reported 32% YoY decline in profit at Rs 13.21 crore for Q4FY16.

VRL Logistics to start regional airline

The move comes in the backdrop of 20% plus passenger traffic growth